Famous billionaire Elon Musk had signaled a major change with his posts on July 23rd. Following these signals, Twitter changed its username and profile picture on the platform to “X,” and also removed its legendary blue bird logo from its website.
“X” Replaces Twitter’s Blue Bird Logo
The owner of Twitter, American entrepreneur Elon Musk, had sent a message of significant change in his tweet yesterday, stating, “Soon, we will bid farewell to the Twitter brand and slowly to all birds.” Musk also announced that the logo and name of Twitter would change, saying, “If a good enough X logo is shared tonight, we will ensure it goes live worldwide tomorrow.”
After Twitter changed the username and profile picture of its official account on the platform to “X,” the company also replaced its legendary blue bird logo with an “X” on its website shortly afterwards. In addition, the new “X” symbol took the place of the old blue bird symbol on the partnership badges of Twitter employees on the platform.
Altcoins with “X” in Their Name Take Flight
With the official start of the new era on Twitter, an “X” wind began to blow in the altcoin market. It was observed that many altcoins with the name “X” directly or included in their name sharply increased. A small-scale altcoin named X (X) on CoinGecko rose over 2,000% in the last 24 hours, reaching $0.00054, while another altcoin named X (X) on CoinMarketCap increased over 90% during the same period, reaching $0.47. It was also observed that X Coin, listed on CoinMarketCap and abbreviated as X, was affected by the change on Twitter. X Coin rose over 200% in the last 24 hours, reaching $0.000016.
Market analysts and experts warn investors that malicious individuals or groups aiming to take advantage of the major changes on Twitter could create and release many altcoins directly using the name “X” or including “X” in their name, most of which may have fraudulent intentions.
